search close
Reporter : Lee Min-hyung
Sat, December 9, 2023 | 07:21
Chips, cosmetics gear up for major rebound in Korean stock market
Semiconductor and cosmetics stocks look to be on a path to a major rebound in the local stock market, serving as key drivers to activate the sagging KOSPI in the latter half, analysts said.
Foreign investors on path to return to KOSPI
Foreign investors are on a path to return to the benchmark KOSPI after a two-month hiatus amid the earnings recovery momentum of large-cap tech stocks, data showed Friday.
Samsung, SK hynix expect early rebound due to Nvidia earnings surprise
Shares of Samsung Electronics and SK hynix are forecast to achieve an earlier-than-expected recovery as a consequence of Nvidia's robust earnings growth, as demand for memory chips will rise in line with the U.S. firm's surging sales of its artificial intelligence (AI) computing solutions, market analysts said.
Money flows into safer ETFs amid China risk, interest burden
Money is flowing into safer exchange-traded funds (ETF), as investors move to reduce risks given global financial uncertainties sparked by China's real estate crash and persistently rising market interest rates.
Korean investors unfazed by rollercoaster ride of tech stocks
More retail investors appear to be blinded by the relentless ups and downs of certain tech-linked stocks here, as people look to get rich quick after a recent bullish cycle powered by secondary battery shares.
Woori Financial feared to lose more ground to IBK in market cap
The Industrial Bank of Korea (IBK) is on course to overtake Woori Financial Group in market capitalization, as the latter's weak earnings outlook continues to weaken investor sentiment.
FSS raids KB headquarters over alleged insider trading
The Financial Supervisory Service (FSS) raided KB Kookmin Bank's headquarters in Seoul, Wednesday, to look into whether some employees there had engaged in suspicious stock trading by using undisclosed internal information.
Securities firms gear up for CFD trade resumption
Brokerage houses are moving to resume the trading of contracts for difference (CFD) after they suspended the practice in April due to scandalous stock manipulation activities.
Crypto exchanges suffer deficits amid prolonged bearish sentiment
Most Korean crypto exchanges suffered deficits in the second quarter of this year, hit hard by a fall in trading commission revenues amid a prolonged bearish market sentiment.
Toss, Kakao report contrasting earnings in securities business
Toss Securities and Kakaopay Securities displayed contrasting earnings reports in the first half due to Toss' robust growth in overseas stock trading commission revenues. The Toss affiliate proved resilience with surprising sales growth of 91.4 percent between January and June from a year earlier. The firm's sales reached 96.46 billion won ($71.78 million), while that of Kaka...